AAP Price Prediction Next Week
Analysis and Insights
News Impact on Apple (AAPL):
Recent news indicates significant challenges for Apple. The stock has declined over 5% due to a bearish outlook and reduced iPhone sales estimates, attributed to delays in AI upgrades for Siri. Additionally, the broader tech sector, including Apple, is under pressure from tariff fears and growth concerns, with the Nasdaq Composite hitting a six-month low.
Technical Indicators:
- RSI (14): 37.66 (Oversold territory, indicating potential buying opportunities).
- MACD (12,26): -0.73 (Bearish signal line crossover).
- SMA (20): 239.46 (Stock price below this level indicates downward momentum).
- Fibonacci Support Levels: $227.50 (S1) and $221.41 (S2).
- Fibonacci Resistance Levels: $247.19 (R1) and $253.28 (R2).
Price Action and Projections:
The stock is currently trading near the lower end of its Fibonacci support levels. If the support at $227.50 breaks, the stock could test the next support at $221.41. Conversely, if the stock bounces off support, it may face resistance at $247.19.
Conclusion:
Given the bearish technical indicators and negative news sentiment, Apple's stock is expected to face downward pressure in the next trading week. The target price for AAPL is $221, and it is recommended to sell or avoid buying at current levels.
AAP Similar Chart Price Prediction
The price of AAP is predicted to go up 15.01%, based on the high correlation periods with AIV. The similarity of these two price pattern on the periods is 98.25%.
AAP
AIV
Up: 15.01%Similarity: 98.25%
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AAP Analyst's Forecast
Steven Zaccone
Citigroup
Hold
2025-02-21
Price Target
$44 → $47
Upside
+9.58%
Citi analyst Steven Zaccone raised the firm's price target on Advance Auto Parts to $47 from $44 and keeps a Neutral rating on the shares ahead of the earnings report. The firm expects a slight beat on same-store-sales based on outperformance in do-it-yourself and a modest beat on Q4 operating margin and earnings versus Street estimates. The analyst believes Advance Auto provided conservative Q4 guidance when it reported on November 14 and business trends improved in December for the industry.
Seth Sigman
Barclays
Hold
2025-01-09
Price Target
$66 → $54
Upside
+16.88%
Tristan Thomas-Martin
BMO Capital
Hold
2024-12-13
Price Target
$45
Upside
+2.69%
